Regardless of how generous you are or how much you want to help, the goal of owning and running a business is to make money. The preference, of course, is to be able to make money doing something you enjoy and/or provides something of value to people who are willing to pay for it. Money is important, but that it is not the only thing that matters, and that is why you should implement powerful and efficient invoicing systems—so you can focus on taking care of people instead of just taking their money.
Modern technology has advanced the invoicing process the past couple decades, often removing the payment aspect from many services. Indeed, these days, payment is almost a passive part of doing business, despite how important it is.
Using a Meade Willis electronic invoicing system, then, can help any business focus more on providing service and letting the payments take care of themselves.
Work should be time consuming. Or, rather, it is the work you do or the service you provide that should take the most time. Processing payment for that service should not take long at all; and when you use electronic invoicing, you can ensure this part of your business is efficient. That makes customers happy but it also helps to keep your costs low by, basically, getting rid of your whole accounts payable department.
When you use e-invoicing, you are able to more efficiently manage payments you send and payments sent to you. This aspect of your digital management, basically, gives you universal control over your accounts payable department—without ever having to physically exchange the invoices and payments—letting you convert any format or other source into a standardized data set you can use whenever you need.
The right e-invoicing solution will provide both comprehensive support as well as the ability to grow with your business. If that sounds good then you want to look for:
- Supplier on-boarding
- Supplier training
- Integrated service desk manned by a team of specialists
- Request processing and delivery as often as you need
- Invoice storage
- Invoice archiving (for tax authority requirement satisfaction)
- BACS payment service interface